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Russian
00:00:01
why are we interviewing criminals on00:00:03
value taemin why mobsters why are you00:00:06
doing this to us00:00:07
well here's a reality part of it Richard00:00:09
Branson the founder of Virgin Airlines00:00:10
his mother once said Richards either00:00:12
gonna grow up and be a criminal or he's00:00:14
going to be a millionaire but it's gonna00:00:16
be one of those two things you know why00:00:17
because the one difference between a00:00:19
Pablo Escobar between the Gotti between00:00:21
a Mickey Cohen and a Bezos a jobs and an00:00:24
Elon Musk is they broke the law and the00:00:27
other entrepreneurs didn't there's a00:00:33
reason why when you ask many CEOs and00:00:35
entrepreneurs what is their favorite00:00:36
movie of all time you'll hear them say00:00:38
Godfather one and Godfather two you know00:00:41
why because every element of what a CEO00:00:44
and an entrepreneur goes through is in00:00:46
those two movies practically every one00:00:49
of them - all the killing and all that00:00:51
other stuff every one of those things an00:00:53
entrepreneur goes through so let me00:00:54
cover with you some of the points I got00:00:55
here that you can learn from some of00:00:57
these Mafia bosses mobsters and some of00:00:59
them live in criminals that they build00:01:00
their empire number one negotiation by00:01:02
far if there's one thing they are very00:01:05
good at is negotiation whether it's00:01:07
negotiation when it's at court00:01:08
negotiation with their enemies00:01:09
negotiation with their employees00:01:10
negotiation with their teams negotiation00:01:12
with their customers they have to be a00:01:14
good negotiator in order for them to00:01:16
make it sometimes they have to negotiate00:01:18
with an enemy that wants to kill them00:01:20
and put them out of business it's like00:01:21
you haven't a negotiate with a00:01:22
competitor of yours that's locally00:01:24
putting you out of business how do you00:01:26
figure out a way to make it work with00:01:27
them number two they have some of the00:01:28
most unorthodox strategies that they use00:01:31
that's not conventional everybody's00:01:33
trying to do the conventional way they00:01:34
use different strategies if these guys00:01:36
were in war there'd be a Napoleon type00:01:38
of a strategy or a Sun Tzu type of guy00:01:40
because they don't do what everybody00:01:41
else does number three surprising their00:01:44
competition they're famous for00:01:45
surprising their competition I don't00:01:47
know where all of a sudden boom00:01:48
something happens they weren't expecting00:01:50
this thing to take place you see this00:01:51
happen in Silicon Valley all the time00:01:53
you see this happen in business all the00:01:54
time you see CEOs competitor sport00:01:57
surprising Chevrolet you'll see this00:01:59
happen when McDonald's surprising Burger00:02:01
King or Pepsi surprising coke it happens00:02:03
all the time the biggest ones do this00:02:06
all the time number four00:02:07
they're experts are putting a team00:02:08
together if you look at somebody a00:02:10
criminal that goes up and gets the job00:02:12
done they know it just00:02:13
about the movie Ocean's eleven do you00:02:15
notice how many different personalities00:02:17
that get recruited it's not the same00:02:19
strength one is technology one is00:02:20
transportation one is connection one is00:02:22
the charmer one is the looks one is the00:02:23
deceive they have so many things that00:02:25
they know we need a good team to put00:02:27
together to go out and get the job done00:02:29
the same happens with businesses well00:02:31
number five selling a vision they're00:02:32
always selling a vision number six00:02:34
paying Commission listen there's story00:02:36
of Paul Castellano he was known for only00:02:39
being a business guy and keeping a lot00:02:41
of the money to himself you know what00:02:42
eventually happened in front of sparks a00:02:44
restaurant in New York we all know what00:02:45
happened he got shot by Gallo Joey Gallo00:02:48
who was working for Sammy the bull who00:02:50
was working with John Gotti because he00:02:51
wasn't willing to pay Commission the00:02:53
same goes in business I see a lot of00:02:54
stingy CEOs a lot of stingy sales00:02:56
representatives that don't pay a lot of00:02:58
Commission to their people and they're00:03:00
wondering why they constantly lose their00:03:02
people you got to pay your people00:03:04
properly for them to stick around00:03:06
knowing you take care of them as well00:03:08
number seven there's a lot of value in00:03:10
being liquid you see a lot of people00:03:11
pitching you putting all your money in00:03:13
every word they didn't work that way00:03:15
they had cash when things came up they00:03:17
know how to move the same goes with00:03:19
bigger companies there's a reason why00:03:20
Apple is always known for having a lot00:03:23
of cash Apple is so stingy they have00:03:25
sixty billion dollars in the bank for00:03:27
what because I like this they can buy00:03:29
beats like this they can buy another00:03:31
company because they have the cash to be00:03:32
able to do that the same goes with them00:03:33
as well number eight is keeping your00:03:35
word if you do not keep your word with00:03:37
the people you work with in that world00:03:39
you're not gonna be around for a long00:03:40
time the same goes with business you00:03:42
need to build a team around you that you00:03:43
know if they say they're gonna do00:03:44
something they come through and pull it00:03:46
off right number nine it's very very00:03:48
very big and that's about loyalty you00:03:50
see they use the word rat that is the00:03:53
terminology they use and in their world00:03:55
if they have a rat on their team that00:03:57
person gets killed by the way in the00:03:59
world of business if you have a rat in00:04:02
your company and they go and rat out00:04:03
numbers of yours to your competitors you00:04:06
have to fire them immediately before00:04:08
they put you out of business immediately00:04:10
enemy of the state00:04:12
number one is a rat a new company fire00:04:14
them and move on so now for some of you00:04:16
that are loyal value Tanner's if you00:04:18
haven't yet clicked on the alert button00:04:20
to be alerted every single time to very00:04:22
timid videos comes out click on that00:04:23
button if you're a first time buyer00:04:24
tainer subscribe to this channel once we00:04:26
cross a million00:04:27
we're doing our first live value teaming00:04:29
conference for 25 dates we're all we're00:04:31
gonna talk about is strategies for you00:04:33
to take your business to the next level00:04:34
but we got across a million subs number00:04:36
10 they have trusted advisors some call00:04:38
them constantly Aires which means what00:04:40
it's an advisory board I can go out and00:04:41
talk to and say should we do this should00:04:43
we not do this what do you think about00:04:45
this is this a power play so we put our00:04:47
money here should we fire this guy what00:04:49
should we do the same thing go to a00:04:50
business you got to make sure you have00:04:51
trusted advisors around you that are00:04:52
giving you the right direction number 1100:04:54
collaboration with other families they00:04:57
find ways to collaborate with other00:04:59
people hate this business here we're00:05:01
starting what about if we do this00:05:03
together and we make money on this and00:05:04
you make money on this way you bring00:05:06
help on this side we bring Yelp on this00:05:07
side that becomes a collaboration hey on00:05:09
this market over here I know you're good00:05:11
in this side of the business I'm good at00:05:13
this side of the business what about we00:05:14
figure out a way to work together new00:05:15
collaboration no problem00:05:16
they're very good at collaboration00:05:18
especially the ones that go higher and00:05:19
higher collaboration really all it does00:05:21
is it speeds up you getting to the top00:05:23
faster is what it is right next number00:05:25
12 recruiting their masters are00:05:27
recruiting they're constantly recruiting00:05:28
they're constantly selling the dream of00:05:30
what could happen if you're part of the00:05:32
family you're gonna get protection00:05:33
you're gonna be part of it for a long00:05:34
term we're gonna make a difference we're00:05:36
gonna have power we're gonna have00:05:37
freedom we're gonna do all this other00:05:38
stuff similar things happens in business00:05:40
when some of those conversations are00:05:42
happening you better believe when you00:05:43
work for Google you have a big backing00:05:45
you better believe when you work for00:05:47
Apple you got a big backing you better00:05:49
believe when you're working with Amazon00:05:50
you got a big back end these things00:05:52
takes place the same goes with them as00:05:54
well number thirteen staying ahead of00:05:56
the curve00:05:57
they're always curious what's going on00:05:58
over here what are they doing in this00:06:00
place tell me about this part here they have00:06:01
people that are out there going and00:06:03
doing foot work maybe you could call it00:06:04
that but they're going out there00:06:05
researching hey what if we did this00:06:06
what's this guy doing what is going on00:06:08
over here did that guy start a business00:06:09
are they thinking about opening this new00:06:10
product did they go into that state did00:06:12
they go into that new market there's00:06:13
always that taking place for them to00:06:15
know what's next in the marketplace so00:06:16
they can be on there as well number00:06:17
fourteen face to face communication a00:06:20
lot of times has this ever happened to00:06:22
where you text somebody and you're00:06:24
having a serious conversation but maybe00:06:26
your level of seriousness is five but00:06:28
your tone in your text sounds like a00:06:30
nine the other person's thinking it's a00:06:32
ten but you're just talking to them as a00:06:33
five because that's just your tone the00:06:34
way you text they like face to face00:06:36
because face to face I don't like it but00:06:38
this is how I say it00:06:39
I don't like it and on00:06:40
says I don't like it it's a big00:06:42
difference they like to do face to face00:06:44
let's sit down and figure out a way to00:06:45
get this thing done right instead of00:06:46
text next backing each other up you00:06:49
gotta back me up I'm gonna back you up00:06:50
if I call a shot you're gonna back me up00:06:52
if you call a shot because you have a00:06:53
history of backing me up guess what I am00:06:55
definitely backing you up but we got to00:06:57
back each other up because there's a00:06:58
certain thing about you want a lot of00:06:59
power you want a lot of influence it00:07:01
comes with a group of people back in00:07:03
each other up if you want to be a solo00:07:04
guy you can be a solo guy but you're00:07:06
probably not gonna have a lot of backup00:07:07
right 16 hustle and grind it's00:07:09
constantly hustle and grinding because00:07:11
if you don't someone's trying to put you00:07:13
out of business00:07:14
same game here the same thing that00:07:15
happens in the world of business number00:07:16
17 you got to know the world you live in00:07:19
what do I mean by this you see criminals00:07:20
know that there is a thin line between00:07:22
you and your competitors your00:07:23
competitors are going to talk to it's00:07:25
gonna be all good but if they have a way00:07:26
to get a bigger piece of the pie than00:07:28
you they're going to do it if they got a00:07:29
way to get one of your best guys to go00:07:31
represent them they're probably gonna do00:07:32
it the same goes in a world of business00:07:34
you can have a good relationship and a00:07:35
bond with another seal who's a00:07:37
competitor but if that guy can get your00:07:38
best engineer he's probably gonna get00:07:40
your best engineer that's the line00:07:42
between competitors Pat Riley can have a00:07:44
relationship with Popovich but if Pat00:07:46
Riley has an opportunity to pick up00:07:48
Kawhi Leonard of course he's gonna do it00:07:50
that's the same exact thing in the world00:07:51
that they're in as well as the world in00:07:52
the world of business 18 willing to00:07:54
fight for your turf you got a fight00:07:56
you're gonna be bullied people gonna00:07:57
push you around and one of the things00:07:59
about bullies if they bully you you00:08:01
don't stand up they're gonna do it again00:08:02
because they know you're afraid but if00:08:04
they pull you you stand up they're gonna00:08:05
say we can't mess with this company00:08:06
number 19 they go for huge payoffs00:08:08
there's a lot of petty criminals that go00:08:10
for small things like stealing you know00:08:12
stuff out of your car for $500 speaker00:08:14
or stereo sound for what some of these00:08:16
guys go for the bigger payoffs right I00:08:18
interviewed Michael Franzese he and one00:08:20
of the things Michael Franzese do right00:08:21
now if you go on YouTube you type in the00:08:22
word mafia on YouTube it's the first00:08:24
video that typically pops up it'll say00:08:26
highest-paid mafia boss tells the truth00:08:28
about the life he went after the oil and00:08:31
gas business and he started making a lot00:08:32
of money based on a numbers he sent he00:08:34
was making an Road between four to eight00:08:35
million dollars per week as an earner00:08:37
the point is he went for the bigger00:08:39
payoff in the world of business if you00:08:40
go for the smaller payoffs you may make00:08:43
a 50 grand you may make a hundred00:08:44
thousand dollars you may make a quarter00:08:45
million dollars you got to go for the00:08:47
bigger payoffs is what you got to do00:08:48
because that's what they're thinking00:08:49
about as well right number 20 you got to00:08:51
respect and value other people's assets00:08:54
just look at what with Bernie Madoff here's a guy that's00:08:56
got a reputation in New York everybody00:08:58
knows this guy massive building I was00:09:01
there when he went down the day00:09:03
everybody talked about it but he didn't00:09:04
respect other people's money he ends up00:09:06
losing everything that last name the00:09:08
Madoff last name is so bad his son ended00:09:11
up committing suicide just because of00:09:13
fathers decision being made because00:09:14
there was no respect for other people's00:09:16
money you don't respect your investors00:09:17
money when they give you money for your00:09:18
business guess what happens your new00:09:19
business go try searching for some other00:09:21
money later on business it's not gonna00:09:22
happen because you didn't respect00:09:23
somebody gave you money to go out and00:09:25
run your business number 21 creativity00:09:27
there's creative financing like back in00:09:29
the days in the mortgage business they00:09:30
used to say we do create a financing I00:09:32
kept saying what is creative financing00:09:33
well we do create a finance and let's00:09:35
just say we can get you proof for this00:09:37
million-dollar room but tell me what you00:09:38
mean about is creative financing00:09:39
look listen instead of saying you make00:09:40
180 thousand dollars we can put six00:09:42
hundred twenty thousand dollars instead00:09:44
of saying you have fifty thousand00:09:45
dollars in America can tell me at five00:09:46
hundred thousand dollars in a bank we00:09:48
can do create a financing don't worry00:09:49
about it that's not what I'm talking I00:09:51
would create a finances I'm talking00:09:52
about there's creative ways get your00:09:54
business positioned in a way that has an00:09:56
edge over your competitors by the way00:09:58
Elon Musk is creative Jobs is creative00:10:01
Bezos is creative they found creative00:10:04
ways to position themselves to move up00:10:07
their empire whatever industry they were00:10:08
in so they compete with the marketplace00:10:10
but you got to get creative number 2200:10:11
rituals criminals have rituals do you00:10:13
think about Mafia families they have00:10:14
rituals there's certain things that you00:10:16
do you don't cross the line with this00:10:17
you don't do this with that you don't do00:10:19
anything with the wives you don't do00:10:20
anything with the sisters you don't do00:10:22
anything with the daughters there are00:10:23
certain rituals you file on the same00:10:25
goes with business every company I know00:10:27
has certain rituals that cannot be00:10:29
broken when you work over here at the00:10:31
home office we have certain rituals any00:10:33
time I bring new executives one of the00:10:34
first things we talk about is these are00:10:36
the rituals we follow do you have any00:10:38
problems with these rituals and that one00:10:40
thing is a little bit weird I know it's00:10:41
weird but I want to tell you upfront00:10:43
because we're not compromising this this00:10:45
is who we are are you okay with that00:10:46
yeah I'm okay with that but it is a00:10:47
little bit weird I understand but it's00:10:49
what we're doing same goes with that as00:10:50
well in the world of business number 2300:10:52
having a succession plan who's getting00:10:54
power next after you who's gonna run the00:10:55
show after you are you already looking00:10:57
for it do you know what you're looking00:10:58
for do you know what's gonna happen when00:10:59
you're no longer there you know who's00:11:01
gonna run the company do you know if you00:11:02
give it to your 28 year old son who is00:11:04
has no clue what it is to work 80 hours00:11:06
a week is just daddy's son but he wants00:11:08
to come run the company do you know that 60%00:11:09
your employees are gonna leave if you00:11:11
give it to them do you know that is it00:11:12
too early it's a timing what do you want00:11:14
to do what are people saying about it00:11:15
have you gone to school00:11:16
have you read the books have you had an00:11:17
advisor tell you how to properly do a00:11:19
succession plan have you spoken to three00:11:20
people that did it the right way three00:11:22
people that did it the wrong way are you00:11:23
prepared for all that other stuff if you00:11:25
are great if you're not this is what00:11:27
happens when a succession plan has gone00:11:29
wrong company collapses because the00:11:31
power was given to the wrong person00:11:32
following the original founder 24 lead00:11:35
by example chief you do it right you'll00:11:37
have your nephew your niece your kids00:11:39
your daughters your family people will00:11:41
say I want to grow up and have the kind00:11:42
of influence that my auntie has I want00:11:44
to grow up and I want to be an00:11:45
entrepreneur like my uncle I want to00:11:47
grow up and be like my father I want to00:11:48
grow up and be like my sister I want to00:11:50
grow up and be like my brother because00:11:51
you've done it right where you've set00:11:53
the example for somebody else want to00:11:54
follow your footsteps and last but not00:11:56
least out-of-control greed this is one00:11:59
thing you gotta learn what I mean by00:12:00
out-of-control greed everybody is greedy00:12:02
I don't know a single person that's not00:12:03
greedy everybody is greedy in every00:12:06
aspects of our lives were greedy and by00:12:07
the way every time you talk about the00:12:09
topic of greed someone's always gonna00:12:11
tell you I'm not that greedy everybody00:12:12
else is greedy00:12:13
everybody's greedy to a level but then00:12:15
there's a different level of greed and00:12:17
by the way this next level of greed is00:12:19
what typically follows a massive fall00:12:21
and legacy collapses you gotta know if00:12:24
you're getting close to that out of00:12:25
control greed because sometimes you may00:12:27
not even know about it they're getting00:12:28
to this place here because typically00:12:30
when you get to this place here these00:12:31
things shut off you don't listen to00:12:33
anybody all you're doing is listening to00:12:34
yourself you just hear you don't hear00:12:35
anybody else right when you get to that00:12:37
level when you get too out of control greed you have to be so careful because00:12:39
like this the 22 years have you put into00:12:41
this business to build it can be gone00:12:43
there's seven years of 80 hour weeks you00:12:45
put into that business can be gone00:12:47
because I'm out of control greed you got00:12:49
to make sure you have those things in00:12:50
place as well okay so hopefully now you00:12:53
have an idea why I interview people that00:12:55
I don't necessarily agree with00:12:57
politically lifestyle wise even if it's00:13:00
a criminal because what I've learned00:13:01
over the years I don't just learn from00:13:03
people that do it the right way I always00:13:05
like to learn also from people that did00:13:08
it wrong so I know what not to do to00:13:10
sustain my momentum to keep my business00:13:12
going to the next level now for some of00:13:13
you that are famous were telling us why00:13:15
we're interviewing all these people and00:13:17
saying I can't believe you just00:13:18
interviewed this guy why don't you have00:13:19
this00:13:20
value payment here's what I want you to00:13:21
do I want you to tweet me at Patrick bid00:13:24
David and tell me exactly who you want00:13:25
us to interview and tag them as well00:13:28
with their handle it could be anybody if00:13:29
it's Elon Musk let's have a thousand00:13:31
people tweet at Elon Musk and say Pat we00:13:33
want to see Elon Musk on very tame and00:13:34
well they will go out there and get them00:13:35
but they gotta hear it and we got to00:13:37
hear from you as well and last but not00:13:38
least for some of you guys that are00:13:39
saying what happened to the PDF that00:13:41
Mario prepares click on the link below00:13:43
here to go out and get the PDF free on00:13:45
our website and print it out and see00:13:47
what are some of these areas that you00:13:49
can implement on your business to help00:13:50
you take you to the next level take00:13:52
everybody bye-bye [Music]Description:
Check out the new home for all things Valuetainment! - https://valuetainment.com/ Patrick Bet-David has interviewed many different personalities; from undercover Joe Pistone to Mafia Boss Michael Franzese. Regardless of the individual, their story and their status however, there are always Lessons we can learn from those doing it their way or the highway. Get the PDF here: https://valuetainment.com/25-business-lessons-from-mobsters-the-mafia/ Are you registered for The Vault 2022 at: https://thevaultconference.com/ About Valuetainment: Founded in 2012 by Patrick Bet-David, our goal is to impact entrepreneurs around the world through value and entertainment. We are the #1 channel for entrepreneurs because of the best interviews, best how to videos, best case studies and because we defend capitalism and educate entrepreneurs. Reach the Valuetainment team here: [email protected] Connect with Patrick Bet-David here: https://valuetainment.com/patrick-bet-david/
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The browser/computer should not freeze completely! If this happens, please report it with a link to the video. Sometimes videos cannot be downloaded directly in a suitable format, so we have added the ability to convert the file to the desired format. In some cases, this process may actively use computer resources.
How can I download "25 Business Lessons from Mobsters & The Mafia" video to my phone?
You can download a video to your smartphone using the website or the PWA application UDL Lite. It is also possible to send a download link via QR code using the UDL Helper extension.
How can I download an audio track (music) to MP3 "25 Business Lessons from Mobsters & The Mafia"?
The most convenient way is to use the UDL Client program, which supports converting video to MP3 format. In some cases, MP3 can also be downloaded through the UDL Helper extension.
How can I save a frame from a video "25 Business Lessons from Mobsters & The Mafia"?
This feature is available in the UDL Helper extension. Make sure that "Show the video snapshot button" is checked in the settings. A camera icon should appear in the lower right corner of the player to the left of the "Settings" icon. When you click on it, the current frame from the video will be saved to your computer in JPEG format.
What's the price of all this stuff?
It costs nothing. Our services are absolutely free for all users. There are no PRO subscriptions, no restrictions on the number or maximum length of downloaded videos.